The sun. [volume] (New York [N.Y.]) 1833-1916, 1887-09-04
THE BIG TRUNK LINE DEAL.
WALL STREET JOYOUn. STOCKS UP, AND
BEARS BITTEN

xyu 49,. --....,... :. "A
wall street experienced yesterday arepeu-
ton OF the scenes that followed the successful
elimination Of tho New York Central.West
ssss sa n. sna .a as' s
was 10 the hands OF syndicate tina. would
properties. It was Immediately accepted By
street that the preliminary contract entered
into between the !, Baltimore and Ohio Railroad
company anu y. o. Mork"n oo'' parin3 nros.
d Co. and Brown. shiples : Go. Of London and
timore and Ohio from banstaptcy would moo.
ohio,s nrada,orv course toward m, other great
n p.eua, =, "u o,u ,h. s' 20"
s%%,s ~ n London oa an nS
s"r e msricsn se",'ri,iss advanced IN Inn,on
and orders for heavy purchases came thence
to New York.
The opening gong on our Exchange was.
ha%n., he.n haarJ thsrs in msny a Say day. Thsrs
and the opening prices showed he following ad-
vancos from Friday afternoons closing nsnrss:
Delaware and Hudson, J.; tAckAwanua ~; Erie n;
Jersey Central ~ Lake Shore w. Louisville and NASH
VI . Nm and TR a
ynrr and NJ raa'.ns ~. Sor,,.rn p.cias cormon
u, lori ana view snssna - ~. rsons som"n
NJ northern Pacific sNs p.s,srrea ~ com
Terin,na! Texas Pacific III Union Pacific W.; West
Manhattan also poked up its bend, registered
r r." SJ mn nsr cent TO ios. ana SnIv lust Ia.
fore the close receded to 1OGA, Ths.whole list
T.; sharply adyaneea hy free purchase. BY the
oue o.'u Wy e.s ~ 0 .. ~ ~
clnrei that tiey baI SQUARED their ncco,,nfs
TWEEN y.to1r hours heiqrs oeaan e ", .h siS.
to the ,s small 1nf,esS In fhs Gnnk
Ts n%s We're .nerg usd IN so r.sc-
ti ton in prices. Western Union. however.
refused to recede. and stood a. firm rs
m ts hs Bears a
to Shn around ossy tS cSsp Eli
lame On Tuesday when their. final ettiemsnts,
r r. adG Fsyo9
II, L. Tausco,t OF the Consolidated stock and
Pot roleum Exchange. The two former were
Tarse"it Kay they viii be- really 10 try Il again
on tuesday, T.. sE,,,v ~, .,r.,,. =, -. n....,
hon ns 81 IN week
brotI,ers. was hailed with gratiiication By those
who hal predicted that the Stock Exchange
had been ignomin iously distributed among tie
6Ssks, shops asd rival Ts biz
eSmps@y ihs eli@,s %I n & Boz Garrett and
s1's am .u, and n, mistake. w....,n Union i. worth
S sss a.:
81 our Sisss.t bull markets been made lively
n"nsy market -..
f:ss deal sss,".
ssss s.rs s0'' then things WILL "'sA
Henry Clews said:
s"ns .s ss a. ss.
clouds may arse they '"i ii pS Ss A
tn. " s.,i,.m.n, of til. pa,,,uor. and Ohio Railroad
ss %s .ra Ss &. r.:
Austin Corbin spoke in similar strain. and
Douglas Green OF Green 4 Bateman. pro.
that The situation would now deveIop Into a
%ss :ii sSE i. srss, unaert.snx !.
pSns tS wsrs a nea
Shors Rehabilitation began to agit.te the
nnrnclal and railroad world. The vigorous
railroad Snrrsd lied hs ad
left "a a heritage to their eldest sons.
The psnnsylyania, not 80 much from ON
OF the baltimore and Ohio, as a powerful rival.
had succeeded ali along in successfully shut.
ting out the baltimore and Ohio from New
entry into Philadelphia. but at ruinOus cost.
The New York Centrally West Shore reorganl-
cation WAS projected and carried through by
the house Of BreHel. Morgan L Co., = hsuse
step by step from that time the New York Cen
trial and the Pennsylvania had forced Bob Gar
rett to the wall
shortly after the success Of the New York
Central W est Shore reorganization, and soon
alter his fathers death, Mr.. Garrett began
to talk OF the cares and RESPONSE Utilities of
time he was borrowing money right and
not long aiterward he began to talk OF re-
firing from Ills place ut the head Of the Balli-
more and Ohio system. With his old anti,,athy
to the Pennsylvania people. no turned to VIII
liam H. Vanderbilt. They had frequent con-
ferences on the subject Of throwing the con-
tro of the Baltimore and OHIO into the hands
In dominant control.
1t was for this purpose that SIR. Garrett
called on Mr.. Vanderbilt on Dec. 8, 1885, the
day that Vanderbilt died suddenly In Gar.
retts presence.
Since then Mr. Garrett has been In frequent